The Hong Kong Gold Exchange (HKGX) and TGX Technology Limited said on Tuesday they have formed a joint venture, Hong Kong Gold Exchange Trading System Limited (HKGXTS), to build a new gold trading platform for the city, as authorities push to establish Hong Kong as an international gold trading center. The new company held its […]
Read MoreCross-border payments company Afriex has entered a sponsor and settlement banking agreement with Global Innovations Bank (GIB), the companies said on Monday, as Afriex works to expand its international payments infrastructure. The agreement gives Afriex faster settlement times, broader regulatory coverage and access to global U.S. dollar accounts to support its business-to-business payments platform, which […]
Read MoreArvocap Asset Managers’ Equity Special Fund posted a 24.14% return over the 12 months to July 2026, according to the firm’s latest factsheet, as the Kenya-domiciled, dollar-denominated fund benefited from gains in global technology stocks. The fund, which tracks the MSCI World Index and invests in equities listed across global markets, has returned 52.92% since […]
Read MoreSouth Korea’s Financial Security Institute has completed the country’s first dedicated framework for evaluating the reliability and safety of artificial intelligence used by financial firms, the institute confirmed on Aug. 12. The framework is designed to identify risks tied to AI deployment in financial services, including hallucinations, system malfunctions and security breaches, the institute said. […]
Read MoreNextChange, a digital-asset trading and payments platform, said on Friday it is expanding its services to combine cryptocurrency trading, fiat currency deposits and withdrawals, and a crypto-funded Mastercard within a single account. The company said the platform now supports more than 1,800 cryptocurrencies, coins and tokens, offering both simplified conversion tools for casual users and […]
Read MoreEritreans living in Canada, the United States, Denmark, Sweden, Germany, Norway and Angola have made new cash donations to Eritrea’s National Martyrs Trust Fund, the country’s Ministry of Labor and Social Welfare said. The ministry said the contributions were intended to support the families of “martyrs,” the term used by Eritrean authorities for those killed […]
Read MoreAfricaโs Business Heroes (ABH) has selected 20 entrepreneurs from 12 African countries to compete in the 2026 semi-final in Nairobi on Aug. 21-22, after receiving more than 24,000 applications from across the continent. The entrepreneurs were selected from an expanded Top 100 cohort following judging-panel interviews and due diligence, ABH, a philanthropic initiative of Alibaba […]
Read MoreYoung leaders gathered at the United Nations in New York on Aug. 12 for a summit focused on the role of youth in shaping artificial intelligence policy and governance, as part of International Youth Day 2026. The summit, organized by the International Organization of Youth in partnership with the Permanent Missions of Dominica and The […]
Read MoreThe Islamic Development Bank Institute (IsDBI) and Maghreb Bank for Investment and Foreign Trade (BMICE) have signed a grant agreement to support the establishment of an Islamic banking window at BMICE. The support is intended to help BMICE build a “sound and sustainable” framework for Islamic finance operations that complies with applicable regulatory requirements and […]
Read MoreMutual funds in Kenya have emerged as one of the most accessible and powerful tools for young investors. With expert fund managers handling portfolios, mutual funds allow individuals to invest in diversified asset classes with varying levels of risk, paving the way for the wealthy generation regardless of their financial background or experience. Yet, while […]
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